secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0000851310-25-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic reports record Q4 revenue $222.2M, up 33% YoY; announces $200M buyback
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- Revenue $222.2M (record), up 33% YoY; Broadband $171M (+48% YoY), Video $51.1M (-2%).
- GAAP EPS $0.32, non-GAAP EPS $0.45; Adjusted EBITDA record $71.8M vs $21.7M prior year.
- Board authorized new $200M share repurchase program through Feb 2028, doubling prior authorization.
- Management guides lower Broadband revenue in 2025 due to operator timing shifts; expects above-market growth resumption in 2026.
- Deployed cOS with 127 customers serving 33.3M modems; engaged with 10 Tier 1 operators on Unified DOCSIS 4.0.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131025000011/0000851310-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131025000011/hlit-20250210.htm
  HTML page:      https://secwatch.observer/filing/0000851310-25-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer